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Published in 2018 at "Economic Modelling"
DOI: 10.1016/j.econmod.2018.01.003
Abstract: Abstract The focus of this paper is on the alleged shift of microfinance programs from targeting poor borrowers towards wealthier clients and profitability. In a simple moral-hazard setting, we determine the equilibrium financial contracts offered…
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Keywords:
profit;
profitability outreach;
microfinance;
trade profitability ... See more keywords
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Published in 2021 at "International Review of Applied Economics"
DOI: 10.1080/02692171.2021.1907319
Abstract: ABSTRACT The paper analyzes the determinants of social outreach of microfinance institutions (MFIs), using three measures of outreach – depth of outreach, breadth of outreach, and outreach to women, and its possible complementarity with financial…
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Keywords:
determinants social;
legal system;
outreach;
outreach microfinance ... See more keywords